Our Brexit Advisory team offer insight and guidance surrounding impacts and opportunities that Brexit has created for organisations.
We offer a dedicated team of experienced individuals with a focus on successfully executing transactions for corporates and financial institutions. We offer an integrated approach, with our corporate finance specialists working seamlessly with tax and other specialists to ensure that every angle is covered.
Grant Thornton offers solutions to the digital risk issues you are sure to face. Our skilled and experienced security team can helping by advising and consulting, giving you peace of mind, clear value for money and an enhanced ability to react to attacks.
Our all-island Economics Advisory team combines expertise in economics and business with a wealth of experience across the public and private sectors.
Grant Thornton are the leading provider of eDiscovery services in the country and have been for years. Our incident response team managed the electronic discovery in the largest eDiscovery in Irish history.
Forensic and Investigation Services
We have a different way of doing business by delivering real insight through a combination of technical rigour, commercial experience and intuitive judgment. We take pride in delivering responsive and tailored solutions to all our clients, capitalising on the wealth of experience housed within our Belfast and wider Forensics team
People and Change Consulting
The Grant Thornton People & Change Consulting practice works with clients on these issues as well as on all aspects of how they attract, retain, engage develop, deploy and lead their people.
We work with a wide variety of clients and stakeholders such as high street banks, private equity funds, directors, government agencies and creditors to implement solutions which provide the best possible outcomes.
Corporate and International tax
Northern Ireland businesses face further challenges as they operate in the only part of the UK that has a land border with a country offering a lower tax rate.
Our team specialises in remuneration and incentive planning and works closely with employers, shareholders and employees to ensure that business strategies are aligned and goals achieved in the most tax efficient, cost-effective manner.
Entrepreneur and private client taxes
Our team of experienced advisors are on hand to guide you through any decision or transaction ranging from the establishment of new business ventures, to realising value on exit, to succession planning and providing for loved ones.
Global Mobility Services
Grant Thornton offer a different approach to managing global mobility. We have brought together specialists from our tax, global payroll, people and change and financial accounting teams across Ireland and Northern Ireland, while drawing on the knowledge and insights of our global network of over 143 offices of mobility professionals to provide you with a holistic approach to managing global mobility.
Our outsourced service provides valued service to over 150 separate PAYE schemes. These ranging from 1 to 1000 employees, working for micro, SME and global employers. The service is supported by the integrated network of tax and global mobility teams and the wider Grant Thornton network delivering a seamless service. Experienced staff deliver a personal service built around your business needs.
Tax Disputes and Investigations
Our Tax Disputes and Investigation team is made up of tax experts and former HMRC investigators who have years of experience in dealing with a variety of tax investigations. Our expertise and insight can guide you through all interactions, keeping your cost at a minimum while allowing you to continue with the day to day running of your business.
VAT and Indirect taxes
At Grant Thornton (NI) LLP, our team helps Northern Ireland businesses manage their UK and global indirect tax risks which, as transactional taxes, can quickly become big liabilities.
Since 2017 any trust with a tax liability has been required to register on the HMRC Trust Register. Registrable taxable trusts created before 6 April 2021 must register by 5 October in the tax year after becoming liable to income tax or capital gains tax for the first time (31 January in the following tax year for other taxes).
New rules introduced by the EU fifth money laundering directive mean that it is now a legal requirement to register any UK trust deliberately created (express trust), even if there is no tax liability; for example, bare trusts.
Also, existing trusts already on the register will need to add extra data, being country of residence, nationality, and the nature and extent of a beneficiary’s interest.
Non-UK express trusts must register if they acquire an interest in UK land or if they have at least one UK trustee and they enter into a business relationship with a UK adviser who is subject to money laundering regulations.
You may be unaware that you are a trustee or settlor of a trust and, therefore, it would be wise to liaise with your financial advisor and or solicitor to check whether you have previously made an investment that has been put into a trust wrapper. The trustee may be legally obligated to register these investment trusts.
There is a list of types of trusts excluded from registering, ranging from: life insurance policies without a surrender value; trusts arising on intestacy; pension scheme trusts; charitable trusts; co-ownership trusts of jointly held property where the trustees and beneficiaries are the same persons (for example, joint bank accounts or land and property held as tenants in common).
Trusts can be registered through HMRC’s website and you must use your government gateway account. Information is required on the trustees, settlors, and beneficiaries such as dates of birth and national insurance numbers.
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An Agent can register a trust on behalf of the trustees, but if you wish your Agent to handle any future updates to the register, you must complete HMRC’s ‘digital handshake’ to authorise them.
HMRC will hold the details of the registration but access will be restricted to various law enforcement agencies.
The deadline for reporting a registrable non-taxable express trust, which was in existence on 6 October 2020, is 1 September 2022. Non-taxable trusts created after 6 October 2020 must register by 90 days of being created or 1 September 2022, if later. Thereafter, trusts should be registered within 90 days of creation and trustees should update the data on the register within 90 days of becoming aware of any changes.